NSEPress Release10 Aug 2026 · 10 Aug 2026, 07:24 pm
Press Release
Jubilant Pharmova Limited · JUBLPHARMA
✦ AI SummaryResults
Jubilant Pharmova Limited has announced its financial results for the quarter ended June 30, 2026, with revenue of Rs. 2,229 Cr. and EBITDA of Rs. 268 Cr. The company's revenue grew by 17% YoY, driven by solid growth across all business segments, particularly strong in CDMO Sterile Injectables on the back of technology transfer revenues from the new & third line. However, EBITDA margins declined year-on-year, primarily due to the unavailability of high-margin SPECT radiopharmaceutical products in the Radiopharmaceuticals business.
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Growth Catalyst8/10
Governance Concern1/10
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Liquidity Impact9/10
Market Sentiment5/10
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Jubilant Pharmova Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "The Company has informed the Exchange regarding press release dated August 10, 2026".
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August 10, 2026
BSE Limited, National Stock Exchange of India Limited,
Floor 25, P. J. Towers Exchange Plaza, Bandra-Kurla Complex,
Dalal Street, Fort Bandra (E),
Mumbai - 400 001 Mumbai - 400051
Scrip Code: 530019 Symbol: JUBLPHARMA
Sub: Press Release alongwith Earnings Presentation on the financials and operational
performance of the Company for the quarter ended June 30, 2026
Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 ("Listing Regulations")
Dear Sirs,
Pursuant to Provisions of Regulation 30 of the Listing Regulations, please find enclosed herewith
the Press Release, Presentation and FAQs on the financials and performance of the Company
for the quarter ended June 30, 2026.
The above - mentioned documents would be simultaneously posted on the Company's
website at www.jubilantpharmova.com.
You are requested to kindly take the same on record.
Thanking you,
Yours faithfully,
For Jubilant Pharmova Limited
Naresh Kapoor
Company Secretary
Encl: as above
Jubilant Pharmova Limited
1A, Sector 16A, Noida – 201301, India
Tel.: +91 120 4361000
www.jubilantpharmova.com
PRESS RELEASE
Noida, Aug 10, 2026
J P – Q1’FY27
UBILANT HARMOVA RESULTS
On track towards Vision 2030
Solid Revenue growth across all business segments continues
Particulars (Rs. Cr.) Q1’FY26 Q4’FY26 Q1’FY27 Y-o-Y
Revenue 1,901 2,290 2,229 17%
Total Income 1,913 2,314 2,249 18%
EBITDA 302 363 268 (11%)
EBITDA Margin (%) 15.8% 15.7% 11.9% (385) bps
Reported PAT 103 119 56 (45%)
Reported PAT Margin 5.4% 5.2% 2.5% (285) bps
The Board of Jubilant Pharmova Limited met today to approve financial results for the quarter ended June 30, 2026.
Commenting on the Company’s performance for Q1’FY27, Mr. Shyam S Bhartia, Chairman Jubilant Pharmova Limited
and Mr. Hari S Bhartia, Co-Chairman & Non-Executive Director, Jubilant Pharmova Limited said, “We are pleased to
announce revenue of Rs. 2,229 Cr. for Q1’FY27, which reflects a solid growth of 17% on YoY basis. Revenue growth is
broad based across all our business segments, but particularly strong in CDMO Sterile Injectables on the back of
technology transfer revenues from the new & third line. EBITDA for the quarter stands at Rs. 268 Cr. EBITDA margins
declined year-on-year, primarily due to the unavailability of high-margin SPECT radiopharmaceutical products in the
Radiopharmaceuticals business. Additionally, margins were impacted by negligible third-party revenues and higher
operating expenses, including incremental remediation costs at the CMO Montreal facility. Reported PAT for the period
stands at Rs. 56 Cr. PAT margins decreased due to lower operating profitability and increase in depreciation.
During Q1’FY27, post successful media-fills, Commercial batch production for SPECT radiopharmaceuticals has started
and these batches are expected to be released in Q2’FY27. By H2’FY27, all the SPECT Radiopharmaceutical products
are expected to be available. Therefore, we anticipate EBITDA margins to start to expand from H2’FY27 onwards.
During Q1’FY27, we saw continued growth momentum in the Ruby-Fill® installs. In the Allergy Immunotherapy
business, we witnessed increase in demand from both markets, US and Outside US. In the CDMO Sterile Injectables
business, we saw incremental revenues from technology transfer programs, at Line 3 in Spokane. In the CRDMO
business, we are witnessing increase in revenues from Biotech customer segment and custom manufacturing. In the
Generics Business, we launched two new products. Lastly, in our Proprietary Novel drugs business, we continue to make
progress in JBI-802 and JBI-778 clinical trials.”
Segmental Business Performance
Radiopharma - Leading Radiopharmaceutical manufacturer & 2nd largest Radiopharmacy network in the US
Radiopharmaceuticals Q1’FY27 revenue grew by 19% to Rs. 322 Cr. and EBITDA for the period stood at Rs. 110 Cr.
EBITDA margins decreased YoY due to unavailability of certain SPECT products. At CMO Montreal, Post Successful
media-fills, Commercial batch production for SPECT radiopharmaceuticals has started and the batches will be released
in Q2’FY27. By H2’FY27, all the SPECT Radiopharmaceutical products are expected to be available. In the Ruby-Fill®, as
we can demonstrate superior value proposition against competition, we continue to attract new channel partners.
Our Ruby-Fill® install base has grown by 26% in Q1’FY27 on an annualised basis. This improved scale is also helping to
increase EBITDA margins in this product category. We are on track to introduce multiple new products in the PET and
SPECT imaging from FY28 to FY29. The dosing for Phase 2 clinical trial for MIBG is complete and we expect to do NDA
filing by H2’FY27.
Radiopharmacy Q1’FY27 revenue grew by 17% YoY to Rs. 700 Cr. on the back of increase in volume from certain PET
products. EBITDA for the period grew by 19% to Rs. 12 Cr. We continue to see high competitive intensity in the SPECT
Radiopharmacy segment. On the other hand, we continue to see revenue growth and strong EBITDA margins in our
PET manufacturing facilities (3 sites).
The proposed investment of US$ 60+ million in six (6) new PET manufacturing network is underway. The new PET
manufacturing sites will become operational in FY28. This investment will take the overall PET radiopharmacy network
to Nine (9) sites, thereby strongly positioning Jubilant Pharmova’s radiopharmacy network as the second largest in the
US and shall drive the future business growth & profitability.
Allergy Immunotherapy - No. 2 in the US Sub-Cutaneous allergy immunotherapy market
As the sole supplier of Venom in the US, we are expanding the overall market by increasing customer awareness. In
the US Allergenic extracts, we are working to increase revenues. We are also working to increase the penetration in
the markets outside the US.
In Q1’FY27, revenues grew by 18% to Rs. 214 Cr., driven by strong growth in the US & outside US markets. EBITDA
grew by 5% to Rs. 66 Cr. EBITDA margins reduced YoY due to lower production.
CDMO Sterile Injectables – Leading contract manufacturer in North America, serving top global innovators
Q1’FY27 revenue grew by 34% to Rs. 496 Cr. due to incremental revenue from Line 3. EBITDA for the period stood at
Rs. 45 Cr. EBITDA margins were lower YoY due to negligible third-party revenues & higher operating expenses including
incremental remediation cost at Montreal facility.
At the Spokane facility, the capacity expansion program remains on track. Following the launch of our third Sterile Fill
& Finish line (Line 3) in Q2’FY26, we are successfully ramping up revenues from technology transfer programs.
Currently, 10+ products across multiple formats and vial sizes are undergoing technology transfer on Line 3. We also
onboarded one of the world’s largest oncology products on Line 3. Commercial batch production is expected to
commence in late FY27, subject to FDA approval of these products. Revenue at Spokane grew by 43% to Rs. 494 Cr.
and EBITDA grew by 49% to Rs. 117 Cr. EBITDA margins also expanded by 100 basis points to 24%.
Considering the new tariffs imposed by the US Government, large innovator pharmaceutical companies are
increasingly seeking high-quality, US-based manufacturing, specifically, those with significant capacities with isolator
technology. As a result, we are seeing strong traction in Requests for Proposals (RFPs) for the new lines.
We are happy to share the completion of installation of Line 4. Post media-fills, Line 4 is expected to start generating
technology transfer revenues in Q4’FY27.
At Montreal facility, In Q1’FY27, we progressed to stabilize production for Radiopharmaceutical products. We also
expect the operating losses to reduce from H2’FY27 due to increase in sales of SPECT Radiopharmaceutical products.
Post the receipt of warning letter in Q1’FY27, we have responded to the FDA and apprised them on our remediation
actions. In the medium term, we anticipate that the new isolator-based fill-and-finish
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